Zhou Xiaochuan, governor of the PBOC, said that despite the fact that the country has already added more cash to its economy, additional measures, including a cut in interest rates and/or a change in banks’ reserve requirement ratio, could also be deployed.

As Greece nears default and Italy struggles to keep from losing control over its own debt problems, the latter has been engaged in talks with China over the possibility of asset sales to the Asian nation.

In the wake of a trade bill passed by the House on Wednesday aimed primarily at China, that nation on Saturday announced that it would buy more Greek debt and on Sunday spoke out in favor of a stable euro.